SEOUL, April 3 (Korea Bizwire) — Sales of smartphones in South Korea fell 6 percent last year from a year earlier amid an economic slowdown, industry data showed Monday. Samsung Electronics Co., the world’s leading smartphone maker, saw its smartphone sales decline 2 percent on-year in its home country in 2022, while sales of Apple [...]
SEOUL, March 28 (Korea Bizwire) — Retail sales in South Korea grew 7.9 percent on-year in February on rising demand for fashion, tourism and other items as people increasingly adapted to post-pandemic life amid eased antivirus restrictions, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 13.1 [...]
SEOUL, March 28 (Korea Bizwire) — Despite the mask mandate having been lifted for public transportation, sales of masks have actually increased slightly. E-commerce operator TMON Inc. reported a 20 percent increase in mask sales between March 20-23 compared to the period between March 16-19. Social commerce platform Wemakeprice Inc.’s mask sales also jumped by [...]
SEOUL, March 28 (Korea Bizwire) — South Korean consumers are showing a stronger preference towards hybrids among the major models of domestic carmakers. According to Hyundai Motor Co., the cumulative sales of its Grandeur hybrid model based on the all-new Grandeur large-size sedan released at the end of last year reached 8,109 units in the [...]
SEOUL, March 9 (Korea Bizwire) — Low-income earners spent more on lottery tickets last year than in 2021, data showed Wednesday. Households with more than one household member across the country spent an average of 703 won buying lottery tickets each month, up by 1.4 percent from the previous year, according to the data from [...]
SEOUL, March 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 11 percent last month from a year earlier on improved supplies and new models, an industry association said Monday. The number of newly registered foreign vehicles stood at 21,622 units last month, up from 19,454 units a year ago, the Korea [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States rose 16 percent in February from a year earlier on robust sales of SUVs and eco-friendly models. Hyundai and Kia sold 122,111 vehicles in the world’s most important automobile market last month, [...]
SEOUL, Feb. 27 (Korea Bizwire) — Retail sales in South Korea grew 4 percent on-year in January, though offline retailers saw their sales fall due to the New Year’s holiday and amid an economic slowdown, data has showed. The combined sales of 25 major offline and online retailers came to 14.7 trillion won (US$11.19 billion) [...]
SEOUL, Feb. 14 (Korea Bizwire) — The Japanese basketball comic book series “Slam Dunk” has sold over 1 million copies in South Korea on the back of the popularity of its animated film adaptation, its local publisher said Tuesday. The repackaged version of the book series by Takehiko Inoue has seen a resurgence in sales [...]
SEOUL, Feb. 8 (Korea Bizwire) — Sales of BMW’s flagship 7 Series in South Korea plummeted two months after being released, data showed Tuesday, as it has failed to unseat Mercedes-Benz’s S-Class as the top-sellling imported flagship sedan. According to Carisyou Data Lab, the German automaker sold 91 units of full-size luxury sedan in January, [...]